Through the second quarter of 2010, many analysts noted a divergence between seemingly positive microeconomic data and a macroeconomic outlook which was flagging a renewed downturn in growth. A seemingly strong recovery in container shipping in particular augured well for global demand and trade. On this week’s Business Monitor Podcast, BMI’s Head of Shipping and… [Read more]
Mobile operators worldwide are readying for the next technological gear-change as fourth-generation (4G) networks begin to be deployed, potentially offering a four-fold increase in data transmission rates that will herald a new era in mobile internet services. Hundreds of millions of dollars are set to be spent on building out the core equipment platforms that… [Read more]
At the height of the crisis, BMI suggested that a story of ‘Three Asias’ – that of China and India, the domestic demand-driven economies and the trade-dependent states – would dictate the pace and virility with which the region would recover from the global downturn. A year on, Justin Patrie asks Rahul Ghosh, Head of… [Read more]
In an era where a global financial crisis has been caused not by developments in Russia, South-East Asia or Argentina, but by banking insolvency in the United States and sovereign default risks in a eurozone member state, namely Greece, our panel of senior commentators discusses what it means to be an ‘emerging market’. Justin Patrie,… [Read more]
In 2009, companies around the world raised US$892bn in initial public offerings (IPOs), which was 41% higher than in 2008. Of that amount, a sizeable US$314bn was raised in Q4 2009, creating the impression that the year-end momentum would likely spill over into the new year. Indeed, a variety of banks and analysts produced bullish… [Read more]
The devaluation of the Vietnamese dong by 5% on November 25 comes as little surprise for anyone having observed Hanoi’s woes in trying to combine a fixed exchange-rate regime with strongly pro-growth fiscal and monetary policy in recent years. Previous devaluations (in December 2008 and March 2009 most recently) have done little more than to… [Read more]
The release of Q3 real GDP data in China reaffirms Business Monitor’s view that the Chinese economy is already in the midst of a very strong recovery. However, Stuart Allsopp from BMI’s Asia team cautions that this does not constitute an end to the country’s economic woes and highlights that deep structural imbalances persist.
